Private Financing 4 Investors. No credit, income/DTI requirement

[Zach Lemaster]

30% down, 8.99% apr, max loan term 10yrs, can do shorter if investor would like. These should still be positive cash flow even though they are not as attractive as 30yr conventional loans. Three main reasons people use this type of financing is to 1) acquire the property immediately to build appreciation/debt pay down/tax benefits, then possible refinance later for better cash flow 2) they don't need cash flow now, but want a free & clear property in 5-10yrs when they plan to retire to have maximum cash flow then, or 3) they are investing through an IRA/401(k) and cannot use conventional lending. Even though this loan has minimal cash flow, it does have enough to support itself while you still get the other advantages of aggressive debt pay down by the tenant, appreciation and tax deductions. So, for most investors who are in the growth faze of their real estate goals, it makes sense to still purchase in order to acquire as many deals as soon as possible. That is how long term wealth is created!

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